First Time Home Buyers

First Time Home Buyers Rent History Can Now Be Used in Risk Assessment

This is a BIG Deal for First-Time Home Buyers! Fannie Mae Will be adding the history of rent payment for the 1st time buyer to its DU (Desktop Underwriter). ““Positive rent payment history” refers to a new feature, effective Sept. 18, which will allow DU to use verification of asset (VOA) reports (i.e., bank statement data) to identify recurring rent payments to potentially enhance DU’s credit assessment of prospective, first-time home buyers.”  See Release Notes View the Positive Rent Payment History Facts

1031 Like-Kind Exchanges

What are 1031 Like-Kind Exchanges?

1031 Like-Kind Exchanges are critical to America’s economy. Hear the whole story and how eliminating this tax incentive can be bad for your clients and their investments. Like-kind exchanges — when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind.”  Properties are of like-kind if they’re of the same nature or character, even if they differ in grade or quality.  Learn more in the brief video overview below. Visit IRS.gov for more information

GAOR GAD Legislative Update Greg Astorian

GAOR GAD Legislative Update – AB832 Eviction Moratorium

In case you missed it, here is an important presentation that was given by our Government Affairs Director, Greg Astorian at our June 30 Town Hall. Learn the importance of California State Eviction Moratorium AB 832. State Rent Moratorium Extension and the COVID Rental Housing Recovery Act (AB 832) Quick SummaryExpanded State Rental Assistance Program for Landlords Quick Guide (PDF One-sheet Summary)Governor signs bill to pay housing providers COVID-19 back rent in full (C.A.R. Legal Q&A) Hear the implications of this from Greg Astorian. Also, be sure to save share this on your Facebook wall.

Legislative Day With Laura Friedman

LEGISLATIVE DAY – Our Show in Numbers At 1:30 P.M. Would Help Send Our Message Loud and Clear

C.A.R. is hosting its first-ever, fully virtual Legislative Day on Tuesday, April 27th.  At 1:30 p.m. GAOR is scheduled to meet with Asm. Laura Friedman.   Greg Astorian, Antoinette Stahl, and Eddie Minassian from GAOR will be pitching for our team.  Our show in numbers at 1:30 p.m. on this day would help send our message loud and clear.   If you’ve ever been curious about Legislative Day but couldn’t commit to going to Sacramento to experience it live, this is a great opportunity for you to take part without leaving home! Please REGISTER For This 30 Minute Webinar Now Please note – you will need your NRDS ID to register.If you’re unsure of it, here’s a link to look it up: http://on.car.org/nrdslookup Besides attending this 30-minute webinar to support our associationclick here to learn about all the day’s events that you can attend.Continue reading

Housing and Eviction Moratorium Presentation

In case you missed it, here is some pertinent information shared at our Town Hall meeting on March 3rd by Greg Astorian, GAOR’s Government Affairs Director. TOPIC: Housing and Eviction Moratorium Presentation: Important links worth noting. https://landlordtenant.dre.ca.gov/ https://www.glendaleca.gov/ https://www.car.org/riskmanagement/covidlegaldocs https://www.car.org/riskmanagement/live https://www.caprop19.org/ Prop 19 CAR Webinar The California COVID-19 Information App for Tenants & Landlords City of Glendale COVID-19 Dashboard If you have any other topics you would like to see covered at our meetings, please let us know.

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